Economic Press Monitor
May 25, 2017
IN THIS ISSUE:
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| 1. |
KALADZE: GEORGIAN MUST NOT SELL LAND, IF NOT AN EXCEPTIONAL CASE
Economic & Politics
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Georgia’s Deputy Premier Kakha Kaladze considers that land in Georgia must not be sold, “if not an exceptional case: land can be sold to large international companies”. “It is not only my and Premier’s position, it is position of our team”, he points.
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| 2. |
IN TERMS OF SIZE OF POPULATION, HAVING BANKING DEBT, GEORGIA IS ON THE SECOND PLACE IN THE WORLD
Finances & Banking
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Expert Mikhail Dundua estimates that “recent growth of commercial banks’ profit is mainly connected with excessive debt of the population”. The expert points at the report of IMF, which indicates that in terms of size of population, having banking debt, Georgia is on the 2nd place in the world.
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| 3. |
“GEORGIAN RAILWAY” DOES NOT PLAN EMISSION OF EUROBONDS UNTIL 2020-2021
Companies
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Director of Georgian Railway Mamuka Bakhtadze declares that the company does not plan emission of Eurobonds and growth of credit until 2020-2021. “Eurobonds, issued by Georgian Railway [in 2010], have now the best period”, Bakradze specifies.
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“HERITAGE FOUNDATION” NAMES JUDICIAL SYSTEM THE MAIN CHALLENGE FOR GEORGIA’S ECONOMY
Economic & Politics
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Coauthor of Economic Freedom Index of Heritage Foundation Anthony Kim declares that “Georgia has conducted a lot of work for reforming and modernizing of own economy, but now, I think that it is necessary to do more, especially, in respect of judicial system”. “Without independent judicial system, it is very difficult to reach a sustainable development”, he points.
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